Content
This long chapter on "Political Doctrine and
Development Strategy of the Republic of Korea" in
the book of Political Doctrines and Development
Strategies is used as a textbook for an
undergraduate course in Department of Political Science
of Sukhothaithamathirat university, as well as in other
universities throughout the Kingdom of Thailand.
This chapter aims to illustrate political
change in the Republic and to discuss the rationale
behind the change of South Korea's developmental
strategy from the import substitute to export- oriented
approach through the mighty "Outward-Looking
Policy" in the Third Republic. The author cites
that the authoritarian regime mapped out such a path of
development strategy, and later concentrated on the
development of heavy and chemical industries in the
third national plan, without prominent challenges from
any opposition to twist the development goal until 1986.
The final section is devoted to the discussion on the
pros and cons resulting from this development path
through the authoritarian regime in the capitalist
system and on the prediction of political development
trend of the Republic in future.
This chapter is divided into three sections, as
follows:
1. Political doctrine and development strategy in the
First Republic to the Third Republic. This section
discusses the formation of the Republic, as the country
had gone through storms and stress in political
struggles and Korean war. This led to the popular
revolt, followed by military takeover, so that the
authoritarian regime took control over the country. This
period saw the necessity that regime adopted
export-oriented development path instead of the
import-substitution. Meanwhile, the government
emphasised rural development through the Saemuel Undong
Movement in the early 1970's which was quite a
successful programme.
2. Political doctrine and development strategy in the
Fourth and Fifth Republics. This section identifies the
need to maintain the hegemonic project in economic
development by putting forth public and private
investments in heavy and chemical industries. The
government continued to encourage private sectors to
gain competitiveness in world market.
3. The impacts, problems and trends of Korean
development. Korean economic development can be regarded
as a highly successful case among developing countries
in the modern era. However, there were several problems
accruing from such a development process. They were, for
example, totalitarianism, wage freezing, etc. Moreover,
the Republic faced protectionism from the world markets.
She was also heavily dependent on imported raw materials
from overseas. For the development trends, the political
process of the Republic would have to open for more
popular participation, while income distribution should
be effectively made. |